We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marvell Technology (MRVL) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Marvell Technology (MRVL - Free Report) closed at $37.74, marking a -0.34% move from the previous day. This move lagged the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 0.05%.
Investors will be hoping for strength from Marvell Technology as it approaches its next earnings release. On that day, Marvell Technology is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 37.21%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.56 billion, up 28.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.25 per share and revenue of $6.15 billion. These totals would mark changes of +43.31% and +37.81%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Marvell Technology. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.24% lower. Marvell Technology is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Marvell Technology is holding a Forward P/E ratio of 16.86. This valuation marks a discount compared to its industry's average Forward P/E of 21.37.
Meanwhile, MRVL's PEG ratio is currently 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 141, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MRVL in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marvell Technology (MRVL) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Marvell Technology (MRVL - Free Report) closed at $37.74, marking a -0.34% move from the previous day. This move lagged the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 0.05%.
Investors will be hoping for strength from Marvell Technology as it approaches its next earnings release. On that day, Marvell Technology is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 37.21%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.56 billion, up 28.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.25 per share and revenue of $6.15 billion. These totals would mark changes of +43.31% and +37.81%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Marvell Technology. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.24% lower. Marvell Technology is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Marvell Technology is holding a Forward P/E ratio of 16.86. This valuation marks a discount compared to its industry's average Forward P/E of 21.37.
Meanwhile, MRVL's PEG ratio is currently 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 141, putting it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MRVL in the coming trading sessions, be sure to utilize Zacks.com.